Press releases 27 December 2018

Wistrand assists SBB in the directed new issue of Class D shares to Phoenix and an agreement to repurchase hybrid

Wistrand has assisted Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) in connection with the resolution by the company’s board of directors, as authorized by the extraordinary general meeting on 5 November 2018, on a directed new issue of 10,209,678 shares of class D at a subscription price of SEK 31.00 per share. The issued shares have been subscribed for by Phoenix Insurance Company. The share issue results in a dilution of approximately 1.28 percent of the total number of shares in the Company and approximately 0.38 percent of the total number of votes in the company.

In connection with the new issue, SBB has entered into an agreement to use the subscription proceeds to repurchase hybrid bonds (ISIN SE0010414599) at a nominal amount of SEK 300,000,000. The repurchase price for the bonds corresponds to 105.5 percent of the bonds’ remaining outstanding nominal amounts.

For further information:
Fredrik Råsberg, Managing Partner
E: fredrik.rasberg@wistrand.se
D: +46 8 50 72 00 47
M: +46 709 50 72 47